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BRAZIL - OECD.org
3. DEVELOPMENTS IN INDIVIDUAL OECD AND SELECTED NON-MEMBER ECONOMIESOECD economic OUTLOOK, VOLUME 2018 ISSUE 2 PRELIMINARY VERSION OECD 201879 BRAZILG rowth will gain momentum during 2019 and 2020 as private consumption,supported by improvements in the labour market, will increase. Recovering credit andgreater policy certainty as a new administration takes office will buttress the uncertainty around the implementation of reforms remains significant andcould derail the recovery, but if uncertainty fades and reforms advance as assumed,investment will become policy is projected to tighten during 2019 as the economy gathersmomentum. Without a major expenditure reduction, the sustainability of the fiscalaccounts remains at risk, especially due to rising pension spending. Building a politicalconsensus for a pension reform will be an important challenge for the incomingadministration.
3. DEVELOPMENTS IN INDIVIDUAL OECD AND SELECTED NON-MEMBER ECONOMIES 106 OECD ECONOMIC OUTLOOK,VOLUME 2018 ISSUE1–PRELIMINARY VERSION © OECD 2018 BRAZIL The ...
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